Sen. Cory Booker is introducing a bill to give every U.S. child an interest-bearing savings account at birth in an attempt to reverse rising economic inequality.

The bill opens an interest-bearing account administered by the Treasury Department and start with a $1,000 principal balance granted by the federal government for each child born in the U.S. The government would then deposit up to $2,000 a year into each child’s account depending on total family income until the recipient turns 18.

“Everyone in America should have a real shot to succeed, but federal policy over decades and an upside down tax code that heaps benefits on the very rich and big corporations have grown the gap between those who have much and those who have little,” Booker said.

“Today, nearly one in three American families have zero to negative wealth, and it’s hard to get ahead if you begin life behind the starting line.”

A similar federally funded savings program was instituted in Israel last year.

Will it come from his pocket, from The Clinton Foundation or from the taxpayer’s hard earned money? What kind of idiot would vote for someone who’d raise taxes in order to stuff bank accounts of newborns all over the US?

Hey Senator Booker, are you going to artificially raise interest rates so that these savings accounts are worthwhile? Are you going to limit withdrawals? Are you going to require a signature and a social security number? Have you fleshed out the details as well as those preceding you did with other social order bills? This is governance? This is what we elect to represent us? Look in the mirror, folks, this reflects the United States and its values. Maybe in the new era of “it’s all about me”.